Insurance

Early Claim Prediction

Early Claim Prediction The Challenge Risk assessment is a crucial element in the life insurance business to classify the applicants. The pay out from life insurance claims are extremely high relative to the insurance premiums that companies collect from an … Read More

Reduce Policy Lapse

Reduce Policy Lapse The Challenge There are many different reasons why insurance policies lapse, and it is very difficult for insurers to know which policyholders are likely to lapse and to determine the actual cause of lapse. To a reasonable … Read More

Claim Propensity

Claim Propensity The Challenge The Auto Insurance Industry has always had challenges in managing volume and severity of insurance claims. Every insurer aims to improve their customer service, reduce claim settlement time while giving ample time for investigation. But a … Read More

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